I'm very eager to get into real estate, and I am doing all the homework.I'm currently at a stage where I am planning what to do once we get there.

Read the comments on BP as to contract for deed, same stuff applies to a BFD, title transfers, title insurance, pre-arranged deeds, circumvents foreclosure laws, servicing issues, assignments of insurance, the list goes on.

I also do staging and professional photographs.

I'm still in the early stages of narrowing down the location I want to focus on.  

Great buy in Austin early stage.

I will pay no, or very minimal, income tax on this CF.Thus, an investment of $5,300 of cash has generated up to $35,000 of CF and $100,000 of value on the balance sheet...Now - you are not wrong, because:I have an internet platform that earns a little money, and I am in development stages of another one.

It will also be staged with your furniture so you can use that to your advantage and get a lease on it right when you move out limiting your vacancy.  

That NNN lease needs to be pledge with a UCC filing, in a default, lease payments go to the note holder.You can also pledge lease payment to obtain your funds to buy the note back.....or, you could take the note with a financed purchase arrangement.

The arrangement with my parents is that whenever a tenant moves out, they get the option of flying out for a month to stay in the condo before I rent it out again. 

Hi BP, I'm in the learning stage and am getting close to making a move.